Bill O’Reilly: So the question becomes, “Is the president a socialist?” Let’s remember the definition of socialism that the government controls property and commerce. Does Mr. Obama want to seize your house? I say no others say yes but there’s no question the president wants income redistribution and more government control over things like health care… Talking Points believes the fed should have some oversight on health care companies but the price can be driven down if the companies are allowed to compete nationwide. Why doesn’t the president try that before he sets up another big brother operation in Washington? Look these things are complicated. To call Obama a socialist or communist is over-simplifying. Americans need health care relief. There’s no question about it. But, it can be done using competition in the free market place and common sense like tort reform where lawsuits against medical personnel are scrutinized.

As we said last week, name-calling gets us no where. Good solutions to complicated problems will rule the day. Or, am I wrong? And, that’s a memo and now for the top story, joining us from Washington FOX News analyst Newt Gingrich. He has a free newsletter that you can sign up for at Newt.org. So do you think President Obama’s a socialist?

Newt Gingrich: Sure. Of course he is.

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